BlackRock Expected to Allow Trading of Cryptocurrency, says CoinDesk

According to Coindesk source, BlackRock will allow its clients in public pension schemes, endowments and sovereign wealth funds – to trade cryptocurrency through Aladdin (short for “Asset, Liability, Debt and Derivative Investment Network”), the asset manager’s integrated investment management platform.

Earlier the asset manager began hiring for an Aladdin blockchain strategy lead.

According to Coindesk citing regulatory filings with the U.S. SEC, BlackRock has already sent positive signal to the market including trading CME bitcoin futures.

BlackRock is also known to hold 16.3% of MicroStrategy one of the largest holder of bitcoin.